The market for Asia Pacific feed antioxidants estimated to be valued at US$ XX Mn in 2018 and poised to grow at 3.9 % CAGR over the forecast period (2018 – 2024) to reach US$ 127.1 Mn by 2024.

Driving the sales and growth through penetrating new customer segments

Market players in Asia Pacific region focus to improve the sales and revenue growth of antioxidants business by means of acquiring and targeting new customer segments. Market players are creating new customer channels like B2C and B2F to better serve the customers and to penetrate deep into the market by keeping traditional B2B sales active and focused

Growing demand for livestock products

Population gains in developing countries, along with increased urbanization and expansion of the middle class, are particularly important for the projected growth in global food demand in general and livestock products in particular to meet the body protein requirement. The growth in demand for livestock products suggests there will be a consequent rise in demand for animal feed, there by other feed specialty ingredients such as enzymes and antioxidants etc.

Asia Pacific feed antioxidants market accounted for larger revenue share in global market due to increase in demand and low manufacturing cost in the region compared to other regions

Market players in Asia Pacific region focus to improve the sales and revenue growth of antioxidants business by means of acquiring and targeting new customer segments. Market players are creating new customer channels like B2C and B2F to better serve the customers and to penetrate deep into the market by keeping traditional B2B sales active and focused. Several respondents in Asia Pacific region especially in china noted that, they have been focusing on mid and large farms to create the new sales channel and aiming at growing at faster rate than the industry average.

Developing countries such as China, India, and Brazil have been playing a prominent role in animal feed production. China is one of the top player in veterinary feed production across the globe. The availability of raw materials, increased livestock production is projected to create healthy opportunities for market players plunged in animal feed additives market.

Several respondents in Asia Pacific region especially in china noted that, they have been focusing on mid and large farms to create the new sales channel and aiming at growing faster rate than the industry average.

The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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